Flutter Entertainment (FLTRF.L, FLTR LN)

  • 16213.0
  • 144.0
  • 95.4
  • FLUTTER ENTERTAINMENT

    Closing Price (p): 11260.0

  • RATING 08/05/19

  • PREVIOUS RATING 29/08/17

    NEUTRAL

Company Profile

PLEASE NOTE THAT DUE TO THE ANNOUNCEMENT OF AN EQUITY RAISE BY FLUTTER ENTERTAINMENT, DAVY IS NOW IN A PERIOD OF ORDINARY COURSE RESEARCH. RESTRICTIONS THEREFORE APPLY TO OUR RESEARCH COVERAGE. Flutter Entertainment is a leading international sports betting and gaming operator. It offers an online and retail proposition via a range of leading local brands, including Paddy Power, Betfair, FanDuel, TVG, Sportsbet and Adjarabet. It does so across four key divisions - Online, Australia, US, Retail. In 2019, we estimate revenues were STG2.1bn and EBITDA (pre-IFRS16) was STG390m. The recently announced acquisition of The Stars Group enhances the group's position and is expected to be at least 50% accretive to underlying diluted EPS in the first full year post completion.


Major Shareholders%
Capital Group Companies17.0
Parvus Asset Mgmt8.9
Blackrock6.6
HSBC5.0
MFS Investment Mgmt3.9